Morris is Back!

Morris Chang is once again CEO of TSMC. While chairman and CEO of TSMC since its founding, Chang gave up the CEO role to Rick Tsai in 2005. A quick reading of this breaking news would suggest some troubling implications. First and foremost, TSMC may have an Apple problem. Apple without Steve Jobs has proven to be an ineffective company. Is TSMC dependent on Chang in the same manner? Probably not, but does this mean that Tsai is not the answer at CEO for future? If so, then TSMC may face a problematic search for a successor to replace the irreplaceable. Understandably it is hard to replace a semicon industry icon like Chang who is rightfully called the father of the foundry industry, but Tsai did not do too shabby of a job until the worldwide downturn hit. If they aren't happy with Tsai's performance as successor, who will make the board and Morris happy?